Hyperliquid on the rise
Hyperliquid is a decentralized perpetual exchange platform that runs on its own layer‑1 blockchain. Wood’s comments on Hyperliquid come at a time when it is experiencing significant growth.
According to data by DefiLlama, the platform has achieved $5.885 billion in trading volume. Its native token, HYPE, is also gaining traction. It achieved a new high of $57.34 on September 12. At the time of writing, the token was trading at $47.58 as per data provided by CoinMarketCap.